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1393 Bay Avenue, Homer, Alaska

$749,500 REDUCED 6%
  • $749,500
  • 3,264
  • 1.18
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Spectacular WATERFRONT location for one of Homer's most established bed and breakfast inns. This property is turnkey, including furnishings, bookings, and website. Updated, well appointed and thoughtfully designed plus it includes a fully self contained 2 bedroom apt and a studio unit in the second building. Walking distance to the airport, shopping, summer Farmers Market, local breweries and moreThe waterfront setting is unparalleled, with a small estuary that protects the well vegetated bluff. The Sellers have created a private trail to the estuary and beach. Sandhill cranes love this as a nesting area and you can watch Kachemak Bay wildlife and activities all day long... The Main house was completely rebuilt after a fire in 2011, so all of the electrical and plumbing, appliances, furnishings plus finishes, are all up to date. There is ample room for you and guests with large comfortable spaces-Main house SF 3264, apt 880 SF and small studio 352 SF. Guests love the open great room feel of the kitchen, dining and living areas. The lower level guest rooms off the great room have private access to an expansive deck. Another large lower level guest room has a big tub and plenty of storage. Upstairs an inviting coffee/tea bar area encourages guests to mingle and share stories of their travel adventures. Four upstairs guest rooms have great Kachemak Bay views, and the fifth guest room feels quiet and nestled in the trees. A large central laundry room upstairs has a large linen storage area, plus there is a second washer and dryer in the basement level. This business has established great international booking relationships, and online direct bookings plus websites like booking.com keep this Inn humming all summer long. Currently the Sellers operate mid May to mid September. There is room for a new owner to create more income with off season bookings, corporate getaways and holiday events. If you have dreamed of owning a well respected bed and breakfast or your own waterfront Inn, then don't miss out on this great opportunity.

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Essential Information

  • MLS® # 19-4864
  • Price $749,500
  • Square Footage 3,264
  • Acres 1.18
  • Year Built 1991
  • Type Commercial Property
  • Style Single Use
  • Status Active
  • Annual Tax Amount $7,288
  • Tax Year 2018

Community Information

  • Address 1393 Bay Avenue
  • Area 490 - Homer
  • Subdivision Bay View L156
  • City Homer
  • State Alaska
  • Zip Code 99603

Amenities

  • Features DSL/Cable Available, In City Limits, Living Quarters, Master Meter - Elec, Stand Alone Unit, Wtrfrnt-Actual Frntg
  • View Bay, City Lights, Glacier, Mountains, Spit, Unobstructed, Wetlands

Interior

  • Heating Baseboard, Radiant, Stove
  • # of Stories 2

Exterior

  • Exterior Wood
  • Roof Metal
  • Construction Wood Frame - 2x6
  • Foundation Quad-Lock

Additional Information

  • Date Listed April 4th, 2019
  • Days on Market 141
  • Zoning RR - Rural Residential

Listing Details

  • Listing Office: Homer Real Estate

Financials

  • $/SqFt $230

Price & Status History

Date Details
Price Reduced from $795,000 to $749,500

Neighborhood Information

Moderate Residential Turnover, Coastal Area

  • Icon of money $599,000

    Median Price

  • Icon of a grid layout $186

    Median Price/Sqft

  • Icon of a bar graph 97.36%

    Sale/List Ratio

  • Icon of a house 116

    # of Homes SoldWithin the Last Year

  • Icon of a person walking N/A

    Walk Score®

  • Icon of a raincloud 25.45″

    Annual Precipitation

  • Icon of a sun 29.30°F /61.00°F

    Avg. Highs -
    Jan/July

  • Icon of a cloud and moon 17.50°F /47.20°F

    Avg. Lows -
    Jan/July

  • Icon of a group of people 10,422

    PopulationBased on Nearest ZIP Code

  • Icon of a person 39

    Median Age

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Listing information last updated on August 22nd, 2019 at 12:19am AKDT.